Continental Aktiengesellschaft (CTTAF) Gets a Hold Rating from UBS

By Carrie Williams

In a report released today, David Lesne from UBS maintained a Hold rating on Continental Aktiengesellschaft (CTTAFResearch Report), with a price target of $130. The company’s shares opened today at $148, close to its 52-week low of $134.

According to TipRanks.com, Lesne is ranked #2759 out of 5181 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Aktiengesellschaft with a $174.58 average price target, a 18.0% upside from current levels. In a report issued on April 30, Independent Research also maintained a Hold rating on the stock with a $152 price target.

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Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $653 million. In comparison, last year the company had a net profit of $907 million.

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Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation.